Compliance Officer

Discovery Limited; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Discovery Invest seeks a Compliance Officer in Johannesburg to join the Operational Risk and Compliance team. The role emphasizes drafting and reviewing contracts, ensuring funds' regulatory compliance, and coordinating with asset managers, administrators, regulators, and external custodians.

The candidate will support contract management, due diligence, reporting to regulators, and maintenance of the knowledge base while contributing to broader finance functions in a dynamic investment

Qualifications

• BSC/BCOM/LLB or related qualification.
• 2 years in similar role/level.
• Strong communication skills (Written and verbal).
• Strong analysis skills.
• MS Excel.
• MS Word.
• 2–3 years of experience in an investment environment.
• Exposure to legal environment – Advantageous.
• Exposure to a Fund Administration – Advantageous.
• Drives Results
• Values Driven
• Learns on the Fly
• Resilient
• Instils Trust
• People Savvy

Responsibilities

• Assist with drafting/reviewing contracts and amendments.
• File and manage compliance documentation and reports.
• Coordinate with external fund managers, administrators and regulators.
• Assist with due diligence and regulatory reporting.
• Maintain and update Compliance knowledge base.
• Support with oversight of external service providers and regulatory inquiries.
• Contribute to product and process improvement initiatives.
• Assist with ad-hoc business requests and reporting to stakeholders.

Skills

Strong communication

Strong analysis

MS Excel

MS Word

Resilient

People Savvy

Education

BSC/BCOM/LLB or related qualification

Tools

MS Excel

MS Word

Job description

Select how often (in days) to receive an alert:

Compliance Officer

Business Unit: Discovery Invest

Function: Compliance

Date: 16 Sept 2026

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Invest

Launched in 2007, Discovery Invest offers the full range of investment products for any client need, providing access to our top performing range of Discovery funds as well as a wide selection of leading local and international fund managers. Recently, Discovery Invest launched a unique offshore offering to enable South African investors unparalleled ease in accessing international investment opportunities. Discovery Invest is seeking to leverage the shared-value model to promote financial health and freedom for millions of South Africans. Through unique behavioural incentives and benefits, we reward clients for positive investment behaviour with extra investment returns. Discovery Invest is the only shared value investment platform in the country maximizing client outcomes before and after retirement. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

Key Purpose

About Finance (Funds, Compliance and Operational Risk)

The Operational Risk and Compliance area within the Discovery Invest finance regulates all Compliance functions, product/supplier contracts and controls all Life, CIS, and Employee benefits funds available on the platforms. (Internal and external). This team is ultimately responsible and supports the Product supply area, product development and the Finance area of Discovery Invest. Part of the function includes, drafting/reviewing all agreements with Asset managers, Management companies, Discretionary fund managers and Product suppliers, ensuring funds suitability, availability to business areas and to ensure the business area complies with relevant legislation

As part of the process, this includes start to end processes, including relationship management, contracting (New and amendments), fund availability/changes, implementation, with various external vendors, administrators, trustees, regulators and liaising with external custodians/partners in various jurisdictions (Local and Offshore).

Key Purpose

The Operational Compliance Officer is a critical role that has the responsibility of ensuring that, contracts, fund management are managed swiftly and efficiently, in terms of communicating to internal and external providers and the various system/ business teams

Since the Junior Operational Compliance has such a wide range of functions, the role will overlap with various functions / initiatives / responsibilities.

Responsibilities

• Assist, drive and ensure quick turnaround on all new contracts and agreements
• Facilitate the updates to forms, contracts e.g. in the case of fund/fund class changes
• Assist with Corporate Actions Impact Analysis Local and offshore
• Assist with External fund setup and amendments
• Assist with compiling due diligence documents for Internal and external companies
• List, obtain and file copies of all compliance reports for Discovery Life and Invest (record keeping)
• Assist with Product development (practical implementation and communication
• Ballots, fund class changes
• Maintaining the Fund database and LEI registers
• Client communication
• Assist with compliance oversight and reporting functions
• Assist with Overseeing/Monitoring the external service providers
• Technical advice
• Assist with DFM brokers onboarding and rebalances
• Assist with new account opening, local and offshore
• Assist Adhoc business requests
• Assist with reports to regulators or external providers
• Assist with Compliance queries
• Regulatory Knowledge Base build up & maintenance
• Assist with Regular reporting to stakeholders (Management, Business owners)
• Opportunity to get involved with business during the launch/setup phases of any new initiatives as well as operational exposure to the business
• Opportunity to gain exposure to all the other finance functions including multi-management, product supply (asset-liability matching), reporting and tax.

Education and Experience

Education

• BSC/BCOM/LLB/ or any related qualification

Experience

• 2 years in similar role/ level
• Strong communication skills (Written and verbal)
• Strong analysis skills
• MS Excel
• MS: Word
• 2 – 3 years of experience in an investment environment
• Exposure to legal environment – Advantageous
• Exposure to a Fund Administration/– Advantageous
• Drives Results
• Values Driven
• Learns on the Fly
• Resilient
• Instils Trust
• People Savvy

Preferred skills

• Investment Acumen
• Excellent verbal and written communication skills
• Highly motivated self-starter who takes initiative
• Analysis and Problem assessment skills
• Ability to operate in a pressurised environment
• Ability to function in a team, be self-motivated and disciplined
• Ability to identify and implement processes
• Ability to communicate effectively both verbally and in writing
• Ability to manage deadlines and plan, accordingly

EMPLOYMENT EQUITY
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.